Post shutdown, US businesses boost economy

Employment, salaries, automotive and other industries grow after the sixteen day US government furlough.


Kingdom Tower to be managed by joint venture

EC Harris and Mace would form a joint venture to manage the construction of Kingdom Tower. The United Kingdom's EC Harris and Mace had signed a joint venture agreement to provide project management services.

National Bank of Abu Dhabi said to be world's safest bank

According to Global Finance, the National Bank of Abu Dhabi is acclaimed as the world's safest bank.

Al Meera, the Qatari retailer, formalizes agreement for construction of malls in Qatar

Al Meera would be working with Al Muftah and Al Aliaa to construct malls in Qatar. Retail giant from Qatar, the Al Meera Consumer Goods Company had announced it had signed an agreement to build seven new neighborhood shopping malls in the country.


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Newly named BlackBerry executive chairman and interim CEO John Chen doesn't doubt the Canadian company's ability to make a comeback.
US manufacturers Remington and Winnebago recently branched out to clothing and accessories, outdoor apparel and camping gear.
SAC's first public statement after pleading guilty was criticized for lack of contrition. SAC Capital Advisors was criticized for its lack of contrition after pleading guilty on four counts of securities fraud and one count of wire fraud.
Investors were positive that BlackBerry can make a comeback, but in the meantime stakeholders especially employees are taking the brunt of the crisis.
Lawyers for Major League Baseball and Alex Rodriguez argue as to jurisdiction of the case, if it were in federal court or state court.
The New York Department of Financial Services and the Manhattan District Attorney's Office are conducting inquiries and may subject both AIG and MetLife to fines.
Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.
Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
Billionaire investor Wilbur Ross spent USD100 million to acquire vessels hauling dry commodity. Wilbur Ross, billionaire investor and owner of WL Ross &Co.
Intel Corporation acquired e-learning software company Kno. Intel Corporation recently acquired software company Kno. The latter began as a hardware company that later pivoted into producing eTextbooks and eBooks for college and K-12 students and publishers.